Markets
Disposal of DGSB stake fails to excite OMESTI-WB
Alan Voon | 10 Nov 2017 00:30
Omesti holds stakes in Diversified Gateway Solutions Bhd, Microlink Solutions Bhd and and Ho Hup Construction Co Bhd
The share price of Omesti Bhd failed to react significantly to the company’s announcement that it was disposing 290 million shares or 21.39% stake in its listed subsidiary Diversified Gateway Solutions Bhd (DGSB) to Insas Technology Bhd (ITB) and its directors Datuk Dr Tan Seng Chuan and Datuk Wong Gian Kui.

The disposal was for a cash consideration of RM13.78 mil or 4.75 sen per share. 

While the share price of DGSB surged to as high as 10 sen – more than doubled the disposal price – the price of Omesti’s share and warrant remained lacklustre having closed on Nov 8 at 48 sen and six sen respectively.

Omesti Group is a leading technology player that brings together a diverse range of enterprise and as-a-service solutions for Infrastructure (IaaS), Platform (PaaS) and Software (SaaS) with the appropriate skillsets to serve multiple industries within the private and public sectors.